From the report. This is the first well set for first Q 2015. "...

From the report. This is the first well set for first Q 2015.

" Following the Albrecht #2 well, the Operator (Western Gulf) completed a detailed technical review on the location of future well locations which has led to the recommendation that the future development focus be moved back up to the more proven area in the North that surrounds the successful Smith #1 and Russel Bevly #1 wells.
As a result the Operator has proposed the Russell-Bevly #2 well which is targeting 40 acres of proven reservoir, being optimal infill well spacing following volumetric analysis on the current wells. The RB #2 well will be the first infill well on this 40 acre spacing between the successful Smith #1 and Russel Bevly #1 wells and is anticipated to be spudded shortly, with the Operator already issuing election notices to all partners. The total dry hole cost of the well is estimated at US$3.5m (CTR share of US$0.64m) with an additional US$1.3m for completion costs (CTR share of US$0.24m) to tie into production.
This well is the first well the Company will participate in and is the first well in the revised NCR
development focus, targeting the more proven area in the North, and if results mirror that of the Smith #1 and Russel Bevly #1 wells (which have previous had combined production of 9.3 MMcf and 800 bbl of oil per day following successful well stimulation 3 ), could support a multi-well development program."

As PL said this is the " sweet spot " with up to 10 wells potential ( following the revised NCR )
after an unsuccessful well on the periphery.

Cheers